Scottish councils are to be allocated £1.75bn as part of the Scottish Government’s commitment to invest in affordable housing.
For the first time, each local authority will be informed of their full funding allocation for affordable housing over the next three years.
The Scottish Government hopes this will provide certainty on the amount of funding available until 2021 and help them plan their investment.
Housing minister Kevin Stewart said: ‘Today, we are announcing to local authorities how much money they’ll have to invest in affordable housing until the end of this Parliament. It means they can plan these new affordable homes now - with the certainty that the funding will increase year-on-year.
‘This is also an important signal to the house-building sector in Scotland and demonstrates our commitment to the industry and the estimated 14,000 jobs our affordable housing supply programme supports each year.’
New statistics show the number of affordable homes approved in 2016/17 increased by 29% compared to the year before.